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Governor Wolf to allocate $324 million in financial relief to hospitals

Gov. Tom Wolf announced Thursday that around $324 million will be awarded to 31 hospitals across the state — including $100 million for Geisinger Health’s system — through the Hospital Emergency Loan Program, which will provide financial relief to hospitals during the COVID-19 pandemic.

“We are appreciative of the support from the state and continue working to manage the financial challenges COVID-19 is presenting to health systems across the commonwealth and beyond,” Marc Stempka, media relations specialist, said. “The $100 million Hospital Emergency Loan Program funding to our Pennsylvania hospitals will help support critical services during these uncertain times until the loan is repaid in full plus interest within the state’s guidelines.”

“This funding will allow our hospitals to hold steady in that fight with the peace of mind that they have access to the resources they need to provide critical care to their communities,” Wolf said in a news release. “Our number one priority is protecting the health and well-being of Pennsylvanians, and that priority extends from the home to the hospitals. By distributing this emergency funding to our commonwealth’s health care system, we are safeguarding our hospitals working hard to combat this virus.”

The funding was disbursed to the hospitals by the Pennsylvania Infrastructure Investment Authority and is being administered by the Pennsylvania Department of Community and Development through the Pennsylvania First Program, according to the news release.

All state health care facilities licensed as hospitals by the state Department of Health are also eligible for the federal Coronavirus Aid, Relief and Economic Security Act, and are also eligible for HELP.

Other hospitals who have money allocated to them via HELP include Evangelical Community Hospital in Union County, which is slated to receive $10 million.

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